NASDAQ: NPCE - NeuroPace, Inc.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = -1.27
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 6.13 + (6.13 * 9.16% / 100) = 6.69

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.031
Ebitda Yield = 0.0394
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0085
Debt = 0.0586
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0586) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.6
β = -0.3528
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.3528 * 5.94 + 0 = 0.005
WACC = (0.0085 / 0.0586) * (100% - 0) * (1 - 0.21) + 0.005 + 0 = 11.49
Terminal Value = Discount (-0.031 * (1 + 0.0394) / (11.49 - 0.0394)) = -0.2483
Company Value = ∑ (-0.031 / (1 + 11.49) ^ 5) = -0.1041
Price = (Terminal Value + Company Value) / Count shares = (-0.2483 + -0.1041) / 25850000 = -13.63

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.0163
FCF Yield = -0.0389
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0085
Debt = 0.0586
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0586) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.6
β = -0.3528
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.3528 * 5.94 + 0 = 0.005
WACC = (0.0085 / 0.0586) * (100% - 0) * (1 - 0.21) + 0.005 + 0 = 11.49
Terminal Value = Discount (-0.0163 * (1 + -0.0389) / (11.49 - -0.0389)) = -0.0591
Company Value = ∑ (-0.0163 / (1 + 11.49) ^ 5) = -0.0651
Price = (Terminal Value + Company Value) / Count shares = (-0.0591 + -0.0651) / 25850000 = -4.81